Pavan Duggal is the Founder & Chairman of the International Commission on Cyber Security Law. He says banks have to do a lot to mitigate the risks for potential legal exposure. Banks must have dedicated cybersecurity policies in place, he says. The banking sector must inculcate a culture of cybersecurity, he adds. A bug in the Unified Payments Interface app caused the Bank of Maharashtra to be defrauded by a sum amounting to Rs 25 crore in the wake of this gaffe.”]